SynovusExhibit 99.2
INCOME STATEMENT DATA
(Unaudited)
(Dollars in thousands, except per share data)Six Months Ended June 30,
2022202122 vs '21
% Change
Interest income$869,834 $822,560 %
Interest expense52,199 66,844 (22)
Net interest income817,635 755,716 
Provision for (reversal of) credit losses24,088 (43,173)nm
Net interest income after provision for credit losses793,547 798,889 (1)
Non-interest revenue:
Service charges on deposit accounts46,030 41,448 11 
Fiduciary and asset management fees40,377 36,759 10 
Card fees30,846 25,300 22 
Brokerage revenue29,898 26,899 11 
Mortgage banking income9,857 36,157 (73)
Capital markets income12,864 10,840 19 
Income from bank-owned life insurance15,722 16,031 (2)
Investment securities gains (losses), net (1,990)nm
Other non-interest revenue17,006 26,599 (36)
Total non-interest revenue202,600 218,043 (7)
Non-interest expense:
Salaries and other personnel expense325,747 322,044 
Net occupancy, equipment, and software expense86,076 82,959 
Third-party processing and other services42,947 44,451 (3)
Professional fees19,338 17,031 14 
FDIC insurance and other regulatory fees13,144 11,127 18 
Restructuring charges(8,274)946 nm
Other operating expenses75,523 59,107 28 
Total non-interest expense554,501 537,665 
Income before income taxes441,646 479,267 (8)
Income tax expense92,558 105,975 (13)
Net income349,088 373,292 (6)
Less: Preferred stock dividends16,581 16,581 — 
Net income available to common shareholders$332,507 $356,711 (7)%
Net income per common share, basic$2.29 $2.41 (5)%
Net income per common share, diluted2.27 2.38 (5)
Cash dividends declared per common share0.68 0.66 
Return on average assets *1.24 %1.38 %(14) bps
Return on average common equity *15.28 15.58 (30)
Weighted average common shares outstanding, basic145,301 148,289 (2)%
Weighted average common shares outstanding, diluted146,489 149,764 (2)
nm - not meaningful
bps - basis points
* - ratios are annualized




Synovus
INCOME STATEMENT DATA
(Unaudited)
(Dollars in thousands, except per share data)20222021Second Quarter
Second QuarterFirst QuarterFourth QuarterThird QuarterSecond Quarter '22 vs '21
% Change
Interest income$453,772 416,062 418,279 412,504 412,743 10 %
Interest expense28,384 23,814 25,966 27,587 30,883 (8)
Net interest income425,388 392,248 392,313 384,917 381,860 11 
Provision for (reversal of) credit losses12,688 11,400 (55,210)(7,868)(24,598)nm
Net interest income after provision for credit losses412,700 380,848 447,523 392,785 406,458 
Non-interest revenue:
Service charges on deposit accounts23,491 22,539 22,221 22,641 21,414 10 
Fiduciary and asset management fees20,100 20,277 20,602 19,786 18,805 
Card fees16,089 14,756 12,861 13,238 13,304 21 
Brokerage revenue15,243 14,655 14,795 14,745 13,926 
Mortgage banking income3,904 5,953 7,059 11,155 13,842 (72)
Capital markets income 7,393 5,472 7,188 8,089 3,335 122 
Income from bank-owned life insurance9,165 6,556 15,168 6,820 7,188 28 
Investment securities gains (losses), net — 230 962 — nm
Other non-interest revenue1,881 15,126 16,944 17,519 15,273 (88)
Total non-interest revenue97,266 105,334 117,068 114,955 107,087 (9)
Non-interest expense:
Salaries and other personnel expense161,063 164,684 167,018 160,364 160,567 — 
Net occupancy, equipment, and software expense43,199 42,877 42,780 43,483 41,825 
Third-party processing and other services21,952 20,996 22,791 19,446 24,419 (10)
Professional fees10,865 8,474 9,014 6,739 7,947 37 
FDIC insurance and other regulatory fees6,894 6,250 6,016 5,212 5,547 24 
Restructuring charges(1,850)(6,424)5,958 319 415 nm
Other operating expenses39,928 35,593 41,630 31,469 29,811 34 
Total non-interest expense282,051 272,450 295,207 267,032 270,531 
Income before income taxes227,915 213,732 269,384 240,708 243,014 (6)
Income tax expense49,863 42,695 68,983 53,935 56,814 (12)
Net income178,052 171,037 200,401 186,773 186,200 (4)
Less: Preferred stock dividends8,291 8,291 8,291 8,291 8,291 — 
Net income available to common shareholders$169,761 162,746 192,110 178,482 177,909 (5)%
Net income per common share, basic$1.17 1.12 1.32 1.22 1.20 (3)%
Net income per common share, diluted1.16 1.11 1.31 1.21 1.19 (3)
Cash dividends declared per common share0.34 0.34 0.33 0.33 0.33 
Return on average assets *1.26 %1.22 1.40 1.34 1.36 (10) bps
Return on average common equity *16.48 14.20 16.11 14.96 15.40 108 
Weighted average common shares outstanding, basic145,328 145,273 145,316 146,308 148,113 (2)%
Weighted average common shares outstanding, diluted146,315 146,665 146,793 147,701 149,747 (2)
 nm - not meaningful
 bps - basis points
* - ratios are annualized




Synovus
BALANCE SHEET DATAJune 30, 2022December 31, 2021June 30, 2021
(Unaudited)
(In thousands, except share data)
ASSETS
Cash and due from banks$583,323 $432,925 $560,396 
Interest-bearing funds with Federal Reserve Bank1,023,030 2,479,006 2,598,213 
Interest earning deposits with banks29,139 25,535 21,513 
Federal funds sold and securities purchased under resale agreements29,568 72,387 82,554 
Cash, cash equivalents, and restricted cash1,665,060 3,009,853 3,262,676 
Investment securities available for sale, at fair value9,889,850 10,918,329 9,442,170 
Loans held for sale ($76,864, $108,198, and $202,216 measured at fair value, respectively)917,679 750,642 750,916 
Loans, net of deferred fees and costs41,204,780 39,311,958 38,236,018 
Allowance for loan losses(407,837)(427,597)(516,708)
Loans, net40,796,943 38,884,361 37,719,310 
Cash surrender value of bank-owned life insurance1,078,703 1,068,616 1,059,235 
Premises, equipment, and software, net383,060 407,241 446,447 
Goodwill452,390 452,390 452,390 
Other intangible assets, net31,360 35,596 40,354 
Other assets2,167,700 1,790,198 1,765,161 
Total assets$57,382,745 $57,317,226 $54,938,659 
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities:
Deposits:
Non-interest-bearing deposits$16,876,710 $16,392,653 $15,345,629 
Interest-bearing deposits32,157,990 33,034,623 31,826,333 
Total deposits49,034,700 49,427,276 47,171,962 
Federal funds purchased and securities sold under repurchase agreements345,242 264,133 194,786 
Long-term debt1,804,104 1,204,229 1,203,293 
Other liabilities1,614,261 1,124,788 1,130,904 
Total liabilities52,798,307 52,020,426 49,700,945 
Shareholders' equity:
Preferred stock - no par value. Authorized 100,000,000 shares; issued 22,000,000537,145 537,145 537,145 
Common stock - $1.00 par value. Authorized 342,857,143 shares; issued 170,012,527, 169,383,758, and 169,107,609; outstanding 145,357,669, 145,010,086, and 147,071,532170,013 169,384 169,108 
Additional paid-in capital3,908,118 3,894,109 3,872,949 
Treasury stock, at cost – 24,654,858, 24,373,672, and 22,036,077 shares(944,484)(931,497)(824,197)
Accumulated other comprehensive income (loss), net(1,026,705)(82,321)45,726 
Retained earnings1,940,351 1,709,980 1,436,983 
Total shareholders’ equity4,584,438 5,296,800 5,237,714 
Total liabilities and shareholders' equity$57,382,745 $57,317,226 $54,938,659 





Synovus
AVERAGE BALANCES, INTEREST, AND YIELDS/RATES
(Unaudited)
Second Quarter 2022First Quarter 2022Second Quarter 2021
(dollars in thousands)
Average BalanceInterest  Yield/
   Rate
Average BalanceInterest  Yield/
   Rate
Average BalanceInterest  Yield/
   Rate
Assets
Interest earning assets:
Commercial loans (1) (2) (3)
$31,870,387 $308,442 3.88 %$30,756,752 $280,588 3.70 %$29,936,751 $287,677 3.85 %
Consumer loans (1) (2)
8,720,488 83,826 3.86 8,594,009 81,368 3.81 8,559,726 84,402 3.94 
Less: Allowance for loan losses
(415,372)  (423,953)— — (561,242)— — 
Loans, net
40,175,503 392,268 3.92 38,926,808 361,956 3.76 37,935,235 372,079 3.93 
Investment securities available for sale
11,153,091 50,312 1.81 11,259,800 47,250 1.68 9,184,691 33,298 1.45 
Trading account assets
11,987 73 2.44 9,078 39 1.73 2,831 81.15 
Other earning assets(4)
813,028 1,660 0.81 1,919,531 815 0.17 2,705,819 7400.11 
FHLB and Federal Reserve Bank stock    
179,837 1,820 4.05 160,065 685 1.71 159,340 800 2.01 
Mortgage loans held for sale
85,299 921 4.32 103,887 882 3.40 242,940 1,859 3.06 
Other loans held for sale725,762 7,678 4.19 597,062 5,300 3.55 615,301 4,750 3.05 
Total interest earning assets
53,144,507 $454,732 3.43 %52,976,231 $416,927 3.18 %50,846,157 $413,534 3.26 %
Cash and due from banks
538,647 548,684 571,561 
Premises and equipment
385,457 398,774 452,652 
Other real estate
11,439 11,759 1,406 
Cash surrender value of bank-owned life insurance
1,077,231 1,070,886 1,055,663 
Other assets(5)    
1,379,659 1,849,564 2,090,332 
Total assets
$56,536,940 $56,855,898 $55,017,771 
Liabilities and Shareholders' Equity
Interest-bearing liabilities:
Interest-bearing demand deposits    
$9,513,334 $3,598 0.15 %$9,549,527 $2,372 0.10 %$8,601,262 $2,441 0.11 %
Money market accounts
15,328,395 6,850 0.18 16,045,627 5,349 0.14 15,476,262 7,181 0.19 
Savings deposits
1,506,195 72 0.02 1,460,648 67 0.02 1,333,297 55 0.02 
Time deposits
2,829,684 1,688 0.24 3,009,795 2,138 0.29 3,792,382 4,894 0.52 
Brokered deposits2,878,536 6,293 0.88 2,788,124 3,733 0.54 3,057,607 4,799 0.63 
Federal funds purchased and securities sold under repurchase agreements    
246,737 219 0.35 194,352 11 0.02 204,053 35 0.07 
Other short-term borrowings
478,469 896 0.74 4,653 — — — — — 
Long-term debt
878,413 8,768 3.99 982,423 10,144 4.13 1,203,038 11,478 3.82 
Total interest-bearing liabilities
33,659,763 $28,384 0.33 %34,035,149 $23,814 0.28 %33,667,901 $30,883 0.36 %
Non-interest-bearing demand deposits
16,959,850 16,491,643 15,088,836 
Other liabilities
1,247,646 1,144,535 1,091,321 
Shareholders' equity
4,669,681 5,184,571 5,169,713 
Total liabilities and shareholders' equity
$56,536,940 $56,855,898 $55,017,771 
Net interest income and net interest margin, taxable equivalent (6)
$426,348 3.22 %$393,113 3.00 %$382,651 3.02 %
Less: taxable-equivalent adjustment
960 865 791 
Net interest income
$425,388 $392,248 $381,860 
(1)Average loans are shown net of deferred fees and costs. NPLs are included.
(2)Interest income includes net loan fees as follows: Second Quarter 2022 — $13.0 million, First Quarter 2022 — $20.7 million, and Second Quarter 2021 — $28.5 million.
(3)Reflects taxable-equivalent adjustments, using the statutory federal tax rate of 21%, in adjusting interest on tax-exempt loans and investment securities to a taxable-equivalent basis.
(4)Includes interest-bearing funds with Federal Reserve Bank, interest earning deposits with banks, and federal funds sold and securities purchased under resale agreements.
(5)Includes average net unrealized gains/(losses) on investment securities available for sale of $(923.1) million, $(247.4) million, and $37.0 million for the Second Quarter 2022, First Quarter 2022, and Second Quarter 2021, respectively.
(6)The net interest margin is calculated by dividing annualized net interest income-taxable equivalent by average total interest earning assets.



Synovus
AVERAGE BALANCES, INTEREST, AND YIELDS/RATES
(Unaudited)
Six Months Ended June 30,
20222021
(dollars in thousands)
Average BalanceInterest  Yield/
   Rate
Average BalanceInterest  Yield/
   Rate
Assets
Interest earning assets:
Commercial loans (1) (2) (3)
$31,316,646 $589,029 3.79 %$29,930,734 $578,877 3.90 %
Consumer loans (1) (2)
8,657,598 165,194 3.83 8,424,423 166,466 3.97 
Less: Allowance for loan losses
(419,639)(580,450)
Loans, net
39,554,605 754,223 3.84 37,774,707 745,343 3.97 
Investment securities available for sale
11,206,150 97,562 1.74 8,813,191 62,755 1.42 
Trading account assets
10,540 112 2.13 2,947 30 2.01 
Other earning assets(4)
1,363,223 2,475 0.36 2,771,576 1,458 0.10 
FHLB and Federal Reserve Bank stock    
170,006 2,505 2.95 158,503 1,468 1.85 
Mortgage loans held for sale
94,542 1,803 3.81 244,940 3,516 2.87 
Other loans held for sale661,768 12,978 3.90 637,901 9,555 2.98 
Total interest earning assets
53,060,834 $871,658 3.31 %50,403,765 $824,125 3.29 %
Cash and due from banks
543,638 545,295 
Premises and equipment
392,079 456,537 
Other real estate
11,598 1,613 
Cash surrender value of bank-owned life insurance
1,074,076 1,053,603 
Other assets(5)    
1,613,313 2,144,615 
Total assets
$56,695,538 $54,605,428 
Liabilities and Shareholders' Equity
Interest-bearing liabilities:
Interest-bearing demand deposits    
$9,531,330 $5,970 0.13 %$8,586,092 $5,414 0.13 %
Money market accounts
15,685,030 12,199 0.16 15,412,941 15,911 0.21 
Savings deposits
1,483,547 139 0.02 1,276,608 105 0.02 
Time deposits
2,919,242 3,826 0.26 3,972,840 11,936 0.61 
Brokered deposits2,833,580 10,026 0.71 3,212,608 11,023 0.69 
Federal funds purchased and securities sold under repurchase agreements    
220,689 230 0.21 206,735 69 0.07 
Other short-term borrowings
242,870 896 0.73 — — — 
Long-term debt
930,131 18,913 4.07 1,202,827 22,386 3.73 
Total interest-bearing liabilities
33,846,419 $52,199 0.31 %33,870,651 $66,844 0.39 %
Non-interest-bearing demand deposits
16,727,040 14,443,645 
Other liabilities
1,196,375 1,138,073 
Shareholders' equity
4,925,704 5,153,059 
Total liabilities and shareholders' equity
$56,695,538 $54,605,428 
Net interest income, taxable equivalent net interest margin (6)
$819,459 3.11 %$757,281 3.03 %
Less: taxable-equivalent adjustment
1,824 1,565 
Net interest income
$817,635 $755,716 
(1)Average loans are shown net of deferred fees and costs. NPLs are included.
(2)Interest income includes net loan fees as follows: 2022 — $33.7 million and 2021 — $60.4 million.
(3)Reflects taxable-equivalent adjustments, using the statutory federal tax rate of 21%, in adjusting interest on tax-exempt loans and investment securities to a taxable-equivalent basis.
(4)Includes interest-bearing funds with Federal Reserve Bank, interest earning deposits with banks, and federal funds sold and securities purchased under resale agreements.
(5)Includes average net unrealized gains/(losses) on investment securities available for sale of $(587.1) million and $76.3 million for the six months ended June 30, 2022 and 2021, respectively.
(6)The net interest margin is calculated by dividing net interest income-TE by average total interest earning assets.





Synovus
LOANS OUTSTANDING BY TYPE
(Unaudited)Total LoansTotal LoansLinked QuarterTotal LoansYear/Year
(Dollars in thousands)
Loan TypeJune 30, 2022March 31, 2022% Change June 30, 2021% Change
Commercial, Financial, and Agricultural$13,018,089 $12,659,611 %$12,174,835 %
Owner-Occupied7,760,236 7,692,714 7,064,599 10 
Total Commercial & Industrial20,778,325 20,352,325 19,239,434 
Multi-Family2,547,706 2,288,497 11 2,086,641 22 
Hotels1,597,930 1,593,983 — 1,411,443 13 
Office Buildings2,680,399 2,521,381 2,340,378 15 
Shopping Centers1,458,902 1,500,768 (3)1,611,249 (9)
Warehouses811,738 814,756 — 657,699 23 
Other Investment Property1,311,373 1,327,760 (1)1,110,603 18 
Total Investment Properties10,408,048 10,047,145 9,218,013 13 
1-4 Family Construction234,379 229,038 174,009 35 
1-4 Family Investment Mortgage407,476 391,636 462,335 (12)
Total 1-4 Family Properties641,855 620,674 636,344 
Commercial Development109,764 102,757 120,683 (9)
Residential Development156,816 193,580 (19)164,950 (5)
Land Acquisition186,934 181,162 221,061 (15)
Land and Development453,514 477,499 (5)506,694 (10)
Total Commercial Real Estate11,503,417 11,145,318 10,361,051 11 
Consumer Mortgages5,124,523 5,052,003 5,200,718 (1)
Home Equity 1,579,218 1,416,341 11 1,395,717 13 
Credit Cards194,290 188,247 196,207 (1)
Other Consumer Loans2,025,007 2,014,916 1,842,891 10 
Total Consumer8,923,038 8,671,507 8,635,533 
Total$41,204,780 $40,169,150 %$38,236,018 %
NON-PERFORMING LOANS COMPOSITION
(Unaudited)Total
Non-performing Loans
Total
Non-performing Loans
Linked QuarterTotal
Non-performing Loans
Year/Year
(Dollars in thousands)
Loan TypeJune 30, 2022March 31, 2022% ChangeJune 30, 2021% Change
Commercial, Financial, and Agricultural$48,601 $64,888 (25)%$70,943 (31)%
Owner-Occupied11,398 10,854 13,155 (13)
Total Commercial & Industrial59,999 75,742 (21)84,098 (29)
Multi-Family2,598 2,639 (2)2,406 
Office Buildings1,796 2,205 (19)1,618 11 
Shopping Centers750 915 (18)124 505 
Warehouses924 482 92 218 324 
Other Investment Property1,302 1,047 24 408 219 
Total Investment Properties7,370 7,288 4,774 54 
1-4 Family Construction55 55 — 548 (90)
1-4 Family Investment Mortgage3,063 2,187 40 1,927 59 
Total 1-4 Family Properties3,118 2,242 39 2,475 26 
Commercial Development432 625 (31)560 (23)
Residential Development399 407 (2)451 (12)
Land Acquisition1,093 1,021 1,029 
Land and Development1,924 2,053 (6)2,040 (6)
Total Commercial Real Estate12,412 11,583 9,289 34 
Consumer Mortgages22,857 29,997 (24)51,376 (56)
Home Equity 8,100 8,854 (9)8,952 (10)
Other Consumer Loans5,656 5,955 (5)7,313 (23)
Total Consumer36,613 44,806 (18)67,641 (46)
Total$109,024 $132,131 (17)%$161,028 (32)%




Synovus
CREDIT QUALITY DATA
(Unaudited)
(Dollars in thousands)20222021Second Quarter
SecondFirstFourthThirdSecond '22 vs '21
QuarterQuarterQuarterQuarterQuarter% Change
Non-performing Loans (NPLs)$109,024 132,131 131,042 155,465 161,028 (32)%
Impaired Loans Held for Sale — — — — nm
Other Real Estate and Other Assets26,759 26,759 27,137 16,883 16,806 59 
Non-performing Assets (NPAs)135,783 158,890 158,179 172,348 177,834 (24)
Allowance for Loan Losses (ALL)407,837 414,956 427,597 492,243 516,708 (21)
Reserve for Unfunded Commitments50,559 47,317 41,885 42,971 46,890 
Allowance for Credit Losses (ACL)
458,396 462,273 469,482 535,214 563,598 (19)
Net Charge-Offs - Quarter16,566 18,609 10,522 20,516 26,546 
Net Charge-Offs - YTD35,175 18,609 77,788 67,266 46,750 
Net Charge-Offs / Average Loans - Quarter (1)
0.16 %0.19 0.11 0.22 0.28 
Net Charge-Offs / Average Loans - YTD (1)
0.18 0.19 0.20 0.24 0.24 
NPLs / Loans0.26 0.33 0.33 0.41 0.42 
NPAs / Loans, ORE and specific other assets0.33 0.40 0.40 0.45 0.46 
ACL/Loans1.11 1.15 1.19 1.40 1.47 
ALL/Loans0.99 1.03 1.09 1.28 1.35 
ACL/NPLs420.45 349.86 358.27 344.27 350.00 
ALL/NPLs374.08 314.05 326.31 316.63 320.88 
Past Due Loans over 90 days and Still Accruing$2,251 3,067 6,770 5,960 4,415 (49)
As a Percentage of Loans Outstanding0.01 %0.01 0.02 0.02 0.01 
Total Past Due Loans and Still Accruing$56,160 45,385 57,565 60,817 49,321 14 
As a Percentage of Loans Outstanding0.14 %0.11 0.15 0.16 0.13 
Accruing Troubled Debt Restructurings (TDRs)$164,101 145,957 119,804 126,055 124,528 32 
(1) Ratio is annualized.
SELECTED CAPITAL INFORMATION (1)
(Unaudited)
(Dollars in thousands)
June 30, 2022December 31, 2021June 30, 2021
Common Equity Tier 1 Capital Ratio9.46 %9.50 9.75 
Tier 1 Capital Ratio10.56 10.66 11.00 
Total Risk-Based Capital Ratio12.43 12.61 13.25 
Tier 1 Leverage Ratio9.03 8.72 8.72 
Total Shareholders' Equity as a Percentage of Total Assets 7.99 9.24 9.53 
Tangible Common Equity Ratio (2) (4)
6.26 7.52 7.73 
Book Value Per Common Share (3)
$27.84 32.82 31.96 
Tangible Book Value Per Common Share (2)
24.52 29.46 28.61 
(1) Current quarter regulatory capital information is preliminary.
(2) Excludes the carrying value of goodwill and other intangible assets from common equity and total assets.
(3) Book Value Per Common Share consists of Total Shareholders' Equity less Preferred Stock divided by total common shares outstanding.
(4) See "Non-GAAP Financial Measures" of this report for applicable reconciliation.